招股书更新！林清轩上半年营收翻倍

Core Viewpoint - Lin Qingxuan is advancing its listing process on the Hong Kong Stock Exchange, having updated its prospectus, with CITIC Securities and Huatai International as joint sponsors [1][5] Financial Performance - In the first half of this year, Lin Qingxuan's revenue increased by 98.3% from 530 million RMB in the same period of 2024 to 1.052 billion RMB, while adjusted net profit rose by 117.4% from 92 million RMB to 200 million RMB, nearly matching the total profit for the entire year of 2024 [1][4] Company Background - Established in 2003, Lin Qingxuan focuses on high-end domestic skincare products, particularly anti-wrinkle and firming skincare [3] - The flagship brand "Lin Qingxuan" emphasizes natural ingredients, specifically camellia oil, and has seen its revenue from this product line account for 99.1%, 99.0%, and 99.0% of total revenue in 2022, 2023, and 2024 respectively [3] Product Development - Lin Qingxuan began research on camellia oil skincare products in 2012 and launched its core product, "Camellia Essence Oil," in 2014, which has sold over 45 million bottles since its launch [3] - The company has expanded its product range to include creams, toners, lotions, serums, masks, and sunscreens [3] Market Position - According to Zhi Shi Consulting, Lin Qingxuan ranks first among all high-end domestic skincare brands in China based on retail sales for 2024, positioning itself to become the "first domestic high-end skincare stock" in Hong Kong [4]